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's point man in fiscal cliff negotiations took to five sunday talk shows to make the administration's case. >>> we think that's a very good set of proposals that's what is good for the economy. if they have got different suggestions twhaent to go further in some areas they should lay it out to us. >> the president's plan called for $1.6 trillion in new taxes over the next decade mostly with the wealthy. those would be sure. less sure the promised spending cuts republicans say might never actually happen. the government takes more money through the tax hikes but spend more money. making the debt even higher. >> i am flabbergasted. i looked at him and said we can't be serious. we have put a serious offer on the table to put revenues up there to try to get the question resolved. the white house responded with virtually nothing. >> they have a plan republicans lack specific. one thing that appears to be a nonstarter is the white house proposal to give the president broad new authority to almost unilaterally raise the nation's debt limit without the kind of congressional over site currently in
a gop counter offer in the latest round of "fiscal cliff" negotiations. the republican proposal includes cutting $900 billion from medicare and reforming social security. it would also raise $800 billion in tax reforms. but the white house says the offer still favors cutting taxes for the wealthy. >> us this far, republican leaders have been adamant that they don't believe rates ought to go up on the top 2% of wealthiest americans. the american people overwhelmingly disagree. >> if the president and republicans can't come to a compromise, everyone's taxes will go up january 1. government spending will be slashed. >>> the dow lost 60. the nasdaq was down 8, s&p down 7. >>> the storms that blew through the bay area brought down many trees and that's meant a hard lesson for homeowners who were cleaning up today. cbs 5 consumerwatch reporter julie watts explains your insurance doesn't always cover fallen trees. julie. >> reporter: something many are likely learning following this weekend's storm. we received photos from across the bay area of downed trees on homes and cars, and they provide
. >> regardless of how fiscal cliff negotiations work out, for the first time ever, the irs will impose a new income surtax on all investment gains including your home. 159 pages of rules for one tax. this cannot be good. here now is the author of the book democracy denied. 159 pages. am i right it is going to include gains on your home? in fact this rule looks like it is going to cover more ground than originally thought. this surtax? >> well, you still have an exclusion on the tail of a primary residence. above that, it would be subject to this surtax. independent income. the rules are surrising. all rental income, you are going to have to pay the surtax on that rental income. depending on what happens with fiscal inclusive, we could be looking at 43.4%. all of this stuff, income is going to go up. there is a 0.9% payroll tax for people above $250,000. explain this to me. these investments aren't they already tax ee eed once? when you put it into corporate assets, you put it into corporate stock. this is an additional layer of tax on already taxed income. to worsen that, worsens that treatm
to governor haley's called." >>> some conservatives are having emotional debates over the fiscal cliff negotiations. the arguments for higher taxes for the wealthy are getting very tense. ann coulter even tried a reality check on sean hannity. >> are you saying, then, for pr purposes, that they should give in to obama on the tax rate? >> not exactly. well, yeah, i guess i am, but -- >> you're saying capitulate to obama, who -- we don't have a revenue problem, ann. >> we lost the election, sean. >>> meanwhile, the house of representatives passed legislation yesterday removing the word lunatic from all federal laws. it's the latest move by congress to remove language seen as demeaning or out of date, like lunatic. >>> and in australia, prime minister julia gillard talked about the supposed prediction by the mayan calendar that the end of the world is coming in two weeks. well, she did it for a comedy video for a radio show. >> i'm confident in the prediction that the world is about to end. whether the final blow comes from flesh-eating zombies, demonic hill beasts or from the total trium
cliff negotiations says both sides are, quote, nowhere heading into the final month. is there enough time left on the clock to find some common ground? we'll constitutes with our "morning joe" crew. >>> when we come back here, we'll huddle around the water cooler. where you think your commute was bad, well, it's nothing like this traffic jam that lasted two days. that story and a recap of last night's kennedy center honor awards when "way too early" comes right back. ♪ i'd like to thank eating right, whole grain, multigrain cheerios! mom, are those my jeans? [ female announcer ] people who choose more whole grain tend to weigh less than those who don't. multigrain cheerios tend to weigh less than those who don't. i have obligations. cute tobligations, but obligations.g. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investm
of the mack beeian army and the triumph of light over darkness. >>> in fiscal cliff negotiations, it's looking more like president obama could get his way on tax hikes for the wealthy. he met behind closed doors with house speaker john boehner at the white house this afternoon. no word yet on what came out of those talks, but an increasing number of congressional republicans are indicating they'll accept a tax -- >> we have spent all this time talking about revenue, but as we watched our government continue to spend more. this is really about spending. >> will i accept a tax increase as a part of a deal to actually solve our problems? yes. >> across the board tax hikes and spending cuts will automatically kick in if the white house and congress continueeach a deal now in 22 days. >>> dallas cowboys player remains behind bars tonight after a deadly crash that killed a teammate. defensive lineman josh brent is being held on half a million dollars bond. his lawyer called that excessive. police say brent was driving drunk when he crashed his car in the dallas suburb of irving yesterday. tem me tea
in the intense fiscal cliff negotiations is putting blame on the gop. here's timothy geithner on "meet the press." >> the only thing that stands in the way of a deal right now is if a group of republican members decide they are going to block a deal because they want to extend tax cuts. what you can expect from the and the a willingness to sit down and explore what the best way to get through this is. it's in the interest of the american people. >> that was followed by a fierce response from grover norquist, the man behind the no tax hike pledge embraced by many in the gop. >> every republican who had impure thoughts has to go back to the drawing board. they have just been told there are no real reforms in this budget. $1.6 trillion in tax increases. >> joining me is eleanor cliff and david dreker thank you for being here. so eleanor, we have timothy geithner who says there will be a deal before the end of the year but it doesn't look like anyone is willing to budge. is that your take away? >> i think there's a rhythm to these negotiations. and right now each side is staking out their optimal po
to be in serious negotiations about the impending fiscal cliff. even mitch mcconnell should acknowledge the hypocrisy in that one. over the fiscal cliff negotiations one thing has become crystal clear. the schisms are becoming more and more pronounce. there are three distinct groups, theological warriors who want to impose their views on the country. tee party zealots and remnant of the pro business moderates while their fiscal views are the last reasonable voice in the republican party. it's this last group who are willing to compromise and combine their ideologies with governing. it is this group bit by bit who are peeling away the extreme views of the rest of the party. the most important question remains are there enough of them to make a deal and reign in the g.o.p. circus. joining me now charles pierce, writer to esquire and author and host of ring of fire and majority report sam seder. do you feel sorry for john boehner who has all these circus folks with him? >> i don't. >> eliot: shocking to me. >> look, he has--he's trying to maintain his caucus, and you know, at the end of th
to appoint -- agreement to avoid the fiscal cliff? >> this is serious fiscal and tax policy. it is about the economic future of our country and making sure this country continues to be the greatest economy and the greatest country in the world. it is not a game. i am with the president on this one. we saw the response of the market in august with the republicans were willing to go off of the fiscal cliff. some of them are saying it now, not paying on our debt and jeopardize the full faith and credit of the united states. this is not a game. if we do not pay our bills and pay our debt, we are going to see interest rates going up. it is not where you make the decision about spending and the budget. you have already made those decisions. this is just about paying the bills. he gets is serious in this country. we have to get the deficit under control and begin to pay down the that feed -- pay down the debt. the last thing we want to do to what is an economic recovery, but a fragile one, we cannot go back to threatening consumer investments for having the government failed to meet one of the
attempts to link the fiscal cliff budget negotiations to future increases in the nation's debt ceiling. "the new york times" reported republicans might accept higher tax rates on wealthier americans to avoid triggering tax hikes for everyone. in return, they'd demand greater spending cuts next year before raising the federal borrowing limit. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation, which, by the way, we have never done in our history until we did it last year, i will not play that game because we've got to... we've got to break that habit before it starts. >> reporter: the 2011 standoff between the president and republicans led the nation to the brink of national default. standard and poor's even lowered its rating on u.s. government bonds. now, the president has proposed he be given authority to raise the debt ceiling without congressional action. house republicans reject that idea. and they've called for raising revenue without rate hikes, plus major
, we turn to the standoff over the fiscal cliff. kwame holman updates the state of the negotiations and we talk with tennessee republican senator bob corker. >> ifill: jeffrey brown examines new concerns over syria's chemical weapons capability and what, if anything, the u.s. can do about it. >> woodruff: from florida, hari sreenivasan has the story of endangered coral reefs. many of them dying because ocean temperatures are rising and the waters are more acidic. >> i remember seeing fields of elkorn ral that you couldn't see throh it and you couldn't see beyond it and those same areas are dead you know 99% dead. ♪ >> ifill: and we close with a remembrance of jazz great dave brubeck who died today, one day shy of his 92nd birthday. >> woodruff: that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: the nation
are the fiscal cliff negotiations which don't seem to be negotiations in washington. here is what bill clinton said about that to the "sacramento bee." the american people are going to be sick when they watch news reports on the negotiations. they said not to worry. it's likebe two dogs that meet each other over piece of meat. sniffing each other out, moving toward a deal. that is what is going on. do you agree with that? >> guest: oh, yeah. bill clinton, you don't have to agree with bill clinton but if anybody knows the game of politics, the only way to get something done is shut the door, while the media shrieking that things are done in secret. let me tell you, the toughest part of leadership is be in a room for exhaustion period of time. and saying guys, will you shut up when you leigh here, because i think we are getting close. out the door they go an then suddenly there is a light from a television camera. and then two or three of those guys just like a giant moth just go over to it. what went on in there? well, i had to leig leave becaue they were falking about a tax increase. god bless
back. this very public negotiation on the fiscal cliff still does not seem to be closing in on a deal. the white house out in campaign style events regularly, making multiple media appearances, kle including timothy geithner right here in 25 minutes. >> but would things be done faster if it was done privately? in his latest column, jeff goldfor a compares u.s. budget talks to merger proxy battles. jeff joins us to explain about that. plus, we have bob from jones day who specializes in wall street deal making. jeff, it is ammo on wall street to do things behind closed doors. you don't want word to get out on the negotiations. it gets too messy. >> right. i wouldn't advocate for a lot of people to do what wall street does. one thing you can say is they've helped facilitate thousands of mna deals this year. they've figured something out with these transactions. the deals that are most successful have the better chance of success are the ones that you negotiate behind closed doors, not the ones that turn into hostile battles and spill out into public, which is what we're seeing noup. >> i
decisions on budget plans until they see how the fiscal cliff negotiations turn out. in virginia, governor bob mcdonnell says some of the cuts to state agencies recommended to him will appear in his budget even if congress and the white house reach a deal to avert the fiscal cliff. >>> a developing story out of north korea. the country may set off a long range rocket as early as this monday. that's according to media reports in south korea. the rocket is reportedly being fueled, but heavy snowfall may have slowed down preparations. north korea wants to launch what it calls a peaceful satellite sometimes before november 22nd. the u.s. believes the rocket is a cover to test missile technology. >>> president obama is speaking out against ongoing unrest in egypt. he has called egyptian president mohamed morsi to express concern about recent protests that have resulted in numerous deaths and injuries, calling the violence unacceptable. president obama did welcome morsi's call for talks with opposition leaders. this comes after a violent week in cairo. on wednesday night, six were killed and nea
of the fiscal cliff negotiations are much closer than you may think despite what law makes say publicly. jackie calms of the "new york times" picked up on something that lawmaker tim cole said recently. >> the republicans should just declare victory and taking the 98% of the tax cuts that they agree on and work next year on tax reform and see if they can't get the top rate back down again. it's hard to think that that's not where they're going to end up so why not make it clean instead of ugly. >> i think it's true that many people are saying privatery what tom cole said publicly on the show. but they believe that the politically right thing to do right now is to cut that you are losses, let tax rates go up for the most wealthy and really try for significant tax reform so that 39.6% is going to be mute. >> so the good news is that negotiations do continue, there was a meeting today between president obama and house speaker john boehner. that happened at the white house today, we are frying to get more details, we're trying to get our white house chief correspondent jessica yellin on the phone a
's talking points memo many believe the president has the upper hand in the fiscal cliff negotiations. if we gopher 00 cliff republicans think they will get most of the blame. if they give in to tax hikes conservatives believe they will infuriate their base. senator rand paul even believes that since they have such little leverage in the talks of president obama. well, republicans should just get out of the way and let the democrats raise taxes as much as they want. and then let the president take responsibility for party of high taxes. now can i understand senator paul's thinking especially given the fact that the president has already announced ahead of his mano a mano meeting can john boehner that he won't concede an inch on tax cuts. this republican defeatism news broke of jim demint's departure from the senate yesterday. is he a tea party warrior and demint is a hero to part of the g.o.p.'s 2010 midterm route. now he is off to head off a think tank the heritage foundation. let's face it the g.o.p. needs new energy. it needs branding help. heck, we have a lot of issues resolve amongst ou
to budge in negotiations with the g.o.p. on fiscal cliff talks. joining me now university of chicago booth school of business professor and former chairman of the council of economic advisors under president obama, dr. austan goolsbee. dr. goolsbee, where is the stethoscope? come on, i see it there hello, good to see you, austin. >> hey, laura great to see you again. i painted the pictures why conservatives should figure it out and not be in despair. on the other side of the equation you have the president. let's say the president gets his tax hikes. you know, everyone thinks they are going to have higher taxes in the new year. so he gets tax hikes. but then what? i mean, the new normal that's being painted by your friends over at the oecd say our girls will probably be about 2.2%. 2% maybe if we're luck in next year. the new normal even with high taxes doesn't look good. >> yeah. let's hope it's higher than that i think it's going to be a bumpy 60 days in my view. fiscal cliff. as low as that 2% is. the awful state of the world right now is that is about the fastest growth rate of every a
: well the fiscal cliff negotiations grinding on and on there seems to be growing buzz the government will soon raid, get this, retirement accounts in order to raise revenue. it is actually happened before in other countries but could it happen here? jonathan hoenig is a fox news contributor and founder of the hedge fund, capitalist pig. jonathan, welcome back to the show. >> thanks, gerri. gerri: what would you put the possibility of congress coming after our 401(k)s at? it is a big pot of money? >> it is an immense pile of money, gerri. we know they're going after our invests, right? raising taxes on dividends and capital gains. given the president's collectivism i feel some sort of direct confiscation of people's 401(k)s is not impossible to begin with. it is a tremendous amount of wealth. at the very least it might eliminate tax deferment people enjoyed. further down the spectrum could be out right wealth tax. it happened many times in the past. it happened in ireland. it happened in argentina. could happen here as well. gerri: here is this big pot of money. 18.5 trillion dollars.
and forth today in the fiscal cliff negotiations that aren't really negotiations as they're not sitting in one room. today, the treasury secretary tim geithner said in an interview that there is a little bit of progress. but yes, the white house would, "absolutely go over the fiscal cliff" if the republicans would not raise tax rates. now republicans are pointing back to july 2011. this statement by president obama. >> yes, said give us $1.# trillion in additional revenues that could be accomplished without hiking tax rates, but could simply be accomplished by eliminating loopholes. eliminating deductions. and engaging in a tax reform process that could lowered rates generally while broadening the base. >> bret: the white house is saying it's out of context but not specifically how out of context. bring in the panel. steve hayes for "weekly standard." kirsten powers for daily beast. syndicated columnist, charles krauthammer. charles? >> look, i love when the president says we need conceptual break through. meaning the republicans have to accept a hike in rates. what he means is a politi
. >> as these fiscal cliff negotiations and debate continues, i think it's important to remember that washington doesn't have a revenue problem, it has a spending problem. and under this administration, under president obama, we have seen record deficits and a record debt accumulate, and yet he keeps demanding that we raise taxes to pay for more spending. this will only hurt our economy. ernst and young has done an analysis of the president's proposal and said it will cost several hundreds thousands of jobs. there is a better way and the speaker has laid it out. it is an approach that calls for tax reform by reforming the tax code and passing responsible spending cuts in order to get our fiscal house in order. that's what america wants. the big things. this is our moment to provide that leadership that america desperately wants and we stand here ready to take the action necessary. >> the american people are hurting right now and now is the moment where we need to step up to the plate and solve the problem. i don't know how any of us can look our kids and grandkids in the eye and explain to them that w
that possibly as part of the fiscal cliff negotiations. caller: right. it will cost them in the long run. host: because the money is coming out of social security. politicians say that will not happen. they say social security will have its money. caller: they tell you all kinds of things. host: john in atlanta, democratic caller. caller: how are you? it seems like it is open phones. i think as far as the fiscal cliff is concerned, the democrats and republicans need to come together and they need to do that rather quickly, because that's the way i feel about it. host: do you think it decides it should just agree to pass the tax cuts -- extend the tax cuts for middle-class americans and then wait until later to resume the debate over spending and tax cuts for wealthy americans? caller: they should start with that. and if they agree on that, then they can go on to the next thing. but this lagging and dragging along on both sides makes no sense. host: here is the washington post this morning. [video clip] >> i don't think the issue right now has to do with sitting in a room. the issue right now t
obama is refusing to budge in those fiscal cliff negotiations. >>> right now 5:07. we want to check back in with tara who is in for sal. definitely wet roads out there. >> reporter: we do have an accident to report. this is a big rig verses a small pickup truck and an ambulance is on the way. we understand there are injuries involved. here it is right here. 880 northbound near the grand avenue exit. we had somebody needs an ambulance basically. we are keeping an eye on it. all right. up next we will take a live look at 280 in san jose. you can see traffic is actually flowing nicely in both directions. and it's 5:08 let's check in with steve. >> thank you tara. >>> our system is finally moving. this is the last one. it cannot hold a candle to the three that came in before. i will show you rain totals in a second. light rain, drizzle, fog, cloudy. once in awhile moderate rain falls. our system the most amounts were left in the north bay. quarter to an inch of rain. lighter amounts will be south. might get little enhancement. there is not much of a breeze. kind of like a gray showery patter
: and president obama flatly turning down a republican counteroffer in the fiscal cliff negotiations. so now what? house majority whip kevin mccarthy joins us next. >> he wants to break the back of republicans. this is a continuation of his campaign. he thinks he won it, and now he wants to drive a stake through the republicans. it's all about politics, it's nothing about economickings. dre. one is for a clean, domestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. ♪ but the fire is so delightful ♪ nothing melts away the cold like a hot, delicious bowl of chicken noodle soup from campbell's. ♪ let it snow, let it snow bill: we have new video released by police here in new york city of the moments before a man was pushed off a times square subway
be addressed now on the comprehensive and efficient fashion. >> in the fiscal cliff negotiation. so what should this mean? because i think i could interpret any given number to say, oh, that means we shouldn't touch taxes for the upper brackets because the economy still needs as much money as it can have in it. or i could argue, oh, this means that we need more stimulus to keep the jobs going, or i could look at the debt and say, oh, this means we need to cut spending. so what does it mean? so what would you, and what globally, what would mean the most for the u.s. to do in terms of the global economy? >> you know, what you said, you would qualify as an economist. on the one hand, on the other hand. the truth of the matter is that the best way out of this would be a balanced solution because you will always fine a school of thoughts that will say it's much better to cut spending, and you will find another school of thought that says it's much better town crea increase the r and cut taxes and there are those that say you need to cut deficits now and in the long run. we have seen studies of all s
thing everyone in the so-called fiscal cliff negotiations agree on is the tax cuts should remain in the middle class. because john boehner refuses to bring any proposal to the floor unless his own party sports it, there is yet to be a vote in the house. i had a chance to discuss this ridiculous state of affairs with congressman chris van hollen earlier today. he had an answer for that crazy situation. >> the issue of the fiscal slope, what is the "state of play" right now. how do you assess the two positions? >> well, things remain in the air still. the president supported a very specific plan. you had speaker boehner come forward with something on paper but a lot less than met the eye he was not specific at all how he would get the revenue or the cuts. i guess the good news is in the last 24 hours they've talked on the telephone the speaker and president. we've got a long way to go. >> eliot: it presumes toward the end there will be some sort of compromise that kicks the can down the road. there is a procedural technique something called a motion to discharge that would permit t
strong to even want to take away workers voices in the workplace. but in these fiscal cliff negotiations, do you really think that the republicans see this chart and they need that economy to slow down a little bit if they are going to win this? >> maybe so. the income inequality in this country has been a problem but it has been for decades. it's been exacerbated by policies passed more recently. so when you go into negotiations, you ask, is it politically correct to be out there arguing that the 2% need to have their tax cuts protected? that's the problem that republicans face. labor does have a bit of an upper hand on this one. but then again, you look at all the stuff being offered as concessions. it's going to hit the working class. they know the history of the negotiations. they know the entitlement programs that the cuts that tend to be made affect them more than others. but republicans -- they have an image problem when they are out there saying we need to protect the tax rates of the top 2%. everyone knows the recent history of income inequality. >> could the uncertainty hurt th
things to say about how this fiscal cliff negotiation is going. >> all right. sounds good, david gregory, thank you for joining us. >> see you in a few minutes. >>> let's go to chuck now. we're dealing with fog and slick roads out there. >> good morning, you guys. good sunday morning, everybody. today will not be the prettiest day to be outside. we'l >>> the national zoo says one of its bears may soon give birth. here's a picture of billie jean, andean bear, and she's pregnant with two small cubs. the vets say she built a nest and staying inside a little more. she's also eating less. they say that that's, you know, pretty much the same way she acted the last time that she gave by the way to two healthy cubs. that was back in 2010. andean bears are listed on the vulnerable species list and estimated there's only about 2,000 left in their natural habitat. >> you could almost make them out in that sonogram. >>> more than 3,000 people took advantage of our community shred. the nbc 4/pnc bank community shred took place yesterday. those who came say it was a great way to protect their personal
on fiscal cliff negotiation struck a much different tone. if republicans don't but specifically tax rates on upper earners the white house is ready to go right over the cliff. >> we see there's no prospect to an agreement that doesn't involve those rates going up on the top 2%. >> largely backs the president on those rates. 48% support the plan to raise them on upper earners compared to 32% of leaving rates unchanged. when it comes to government spending, the gop has the edge. to help balance the budget, spending cuts should take precedence over tax hikes, 46 to 30%. and leaders in congress who met with business leaders say they have already offered to raise tax by cutting deductions and the president has yet to counter their proposal. >> i'll be here and available at any moment to sit down with the president if he gets serious about solving this problem. >> it's possible the white house may be bluffing, the administration did order the pentagon to consider the big cuts in military spending that would happen if we don't reach an agreement. in washington, doug luzader, fox news. >> stocks
cliff negotiations and big jobs numbers due out toward the end of the week, nicole. i wonder if investors are in kind of a wait and see mode here? >> absolutely. the jobs number is at the end of the week, right? is arguably the most important economic indicator. a lot of folks are very concerned about the economy with very moderate growth that we've seen at best. unemployment still remains really very high and so that is something that still sits on the minds of investors. i wanted to also talk about the fiscal cliff and how a lot of companies are speeding up those dividend payouts like oracle and carnival cruise and weight watchers and ethan allen just to name a few. it is easily over 110 companies have done just exactly that, accelerated the dividend payouts to be at the end of the december rather than early january. in which case you might be more susceptible to higher tax rate. these are some of the names. coach. diner shoe warehouse and larry ellison with his company. oracle's ellison has about $200 million in the payout although he was in the involved in the decision to
will keep watching the slow going fiscal cliff negotiations today. how will wall street react to the latest maneuvering? to the market rundown. we'll let you know when to pay attention. is that still the case? >> i have to admit 28 days and counting. >> if we're in the same place in two weeks, i'll be nervous. >> the 15th they have to have a deal. >> it's nothing. >> it is if you want companies to deal with what this is going to mean in terms of taxes. i'm starting to sweat this out. we spoke with jim o'neill of goldman sachs, a great voice, comes to us from london. this is the first time that he's seen international investors raising their browse a bit, taking and moving their money. they are starting to sit up and take notice and that's a big issue. they're losing confidence in what's happening in washington, that's a really big deal. that made me set up and pay attention and, i don't know, i realize that this is all politics at this point. you have to remember what this looks like to the international community. we can't get things together. can't get our act in shape. >> remember what w
'll work on a compromise. >> bret: ed henry on the north lawn. thanks. let's talk about the fiscal cliff negotiations with one of the key democrats involved. chris van hol season a five-term representative from maryland. the ranking member of the house budget committee. thank you for being here. >> great to be with you. >> bret: where do you see the process now? >> we have been waiting for a response. he put something in writing. good news it's in writing and the bad news it doesn't get us moving forward. but piece of paper. that is a change. >> the piece of paper. house g.o.p. counter offer. revenue, $800 billion. health savings $600 billion. mandatory savings $300 billion. revision to cpi. $200 billion. net savings $2.2 trillion. i have a cording to the white house accounting, $4.6 trillion overall. this is what the house speaker said. white house responded with the la la land offer that couldn't pass the house or senate. we decided we could have decided in kind but we decided not to do that. why is this counteroffer not advancing the ball at least to a discussion. >> good to have some
>> the house speaker said on fox news sunday right now i would say we are nowhere in terms of the fiscal cliff negotiations. does the president agree? >> no, he does not. you saw secretary geithner over the weekend on aaother sunday shows very clearly express the president's position, talk about the proposals the president has put forward and express our belief that there has been progress and that we can achieve a bipartisan agreement. lou: the president has not spoken to the house speaker about a resolution to the fiscal cleft cents a late night phone call last wednesday. instead dispatching treasury secretary timothy geithner did last thursday to present a plan that the speaker deemed not serious. here is his response to the negotiations that have largely taken place through the media. >> flabbergasted. he can't be serious. i've never seen anything like it seven weeks between election day and the end of the year. and three of those weeks have been wasted with this nonsense. lou: the speaker, an absence of actual conversation or anything resembling negotiations sent a letter to the presi
the republicans and the fiscal cliff negotiations. listen to this. >> i threw the li lynn lincoln y to the president. with the way politics in washington are today, there would still be slavery. lincoln wouldn't have been able to navigate the polarization between the media. it was an interesting and depressing observation from this very smart white house aide. >> sean: sadly, neither the language from the white house or the celebratory manner that it was being reported from those that revel in this comment come at all as a surprise. here is the reaction from mike myers and i took him to say republic, but the sentiment is the same, and that is it's a divided nation. you know with these republicans, what's your reaction? >> the rhetoric never seeses to astonish me. it used to be in the old days which wasn't too long ago you had rhetoric, no justice, no peace coming from the streets. now you get this racial rhetoric coming from the pun bits on nbc. back to bob costas, he was quoting a newspaper comyu newspt who compared the nra to the new kkk. so much racial rhetoric, it has to be cond
at the center of the fiscal cliff negotiations, tom cole of oklahoma and the man behind the anti-tax pledge, grover norquist will both be "outfront." the new film called zero dark 30 based often the raid that killed osama bin ladin and some charge the obama administration gave the producers certain access. thanks for joining us. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] ♪ [ male announcer ] life brings obstacles. usaa brings advice. call or visit us online. we're ready to help. [ traffic passing ] ] ♪ [ music box: lullaby ] [ man on tv, indistinct ] ♪ [ lullaby continues ]
.s. military. >>> trading underway on wall street as investigators continue to monitor ongoing fiscal cliff negotiations. dow is up 22 points. we'll take you live to jane >>> welcome back. you can see light rain in the green there all the way over to cloverdale heading north out of windsor towards cloverdale you are going to run into slick streets. rain mainly in the north bay more widespread from noon into 4:00 the rest of us will get light rain into the evening. this time tomorrow will be the most difficult commute because of the wet weather, scattered showers tomorrow afternoon, drier for thursday and friday. >>> 6 life can't be terrible for either, all next right here on "good morning america." >> should we be singing you're the one i want, you're the one i want? >> no. well done, we have john travolta, olivia newton john news that is also ahead, we've got it all covered. >> this three-part harmony would be two-part harmony. >> come on let's hear it. >>> 6:46. u.s. navy denying claims that iran has captured a drone. spokesman says no american drones are missing in the mideast now that w
. but i'm guessing with the way the fiscal cliff negotiations are going, the estimated $852 quadrillion dollars of funding needed for one steel alone just isn't in the cards. doggone it. i'm going to sign up tonight. >>> can both parties reach an agreement ones fiscal cliff? 40% of you say yes, 60% say no. >>> coming up, this could be one of the dumbest votes the republicans have ever cast in the history of the senate. we'll talk about the big win and the emotional reaction from moderates. that's next. suddenly, she does something unexpected and you see the woman you fell in love with. she's everything to you. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis
is actually expected to issue a response. we want a response. but i'm guessing with the way the fiscal cliff negotiations are going the estimated $852 quadrillion dollars of funding needed for one alone just isn't in the cards. dog gone it. i'm going to sign up tonight. >>> can both parties reach an agreement ones fiscal cliff? 40% of you say yes, 60% say no. >>> coming up, this could be one of the dumbest votes the republicans have ever cast in the history of the senate. we'll talk about the big win and the emotional reaction from moderates. that's next. what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your d
. now, let's put this all into context here. fiscal cliff negotiations, don't you think they would proceed a lot faster and smoother if both sides were really dealing with reality? but, you see, the republicans, they simply are not. house speaker john boehner and senate minority leader mitch mcconnell have spent years catering to the base that believes, let's say, president obama's a socialist, and the united nations wants to take your disabled child right out of your home. they have votes to back it up, folks. this pitiful display of most senate republicans on the disability treaty showed once again just how far they are, and how far they are removed from reality. one democratic senator told me yesterday his office was actually getting calls from constituents with disabled children wanting to know if the u.n. would remove their children from their homes. it is manufacturing fear in the lives of americans. sometimes it's just a bald-faced lie about the facts. here's the democratic and republican opening bids on the fiscal cliff. but the revenue side of the republican proposal just
to handle the fiscal cliff negotiations. only 36% trust the "r"s in congress. joining me is nbc chief white house correspondent and political director and host of "the daily rundown," anything else you control around here? >> that's enough. >> and "the washington post's" chris cillizza. i think you've been reupped. you're all over the place. you're the greatest. the absolute best there is in this -- >> let's be careful talking about the president outside the beltway in virginia. >> this is why i want you and chris on. what is the president hoping to get done? what's his time frame? does he believe in the cliff or does he think it's a bungee jump? >> no, he truly believes in the cliff. he has been getting -- and he's getting economic warnings from his own team that say, don't believe the congressional budget office, which is kind of rosy about this, who says it would be a tough 2013 if we went over the cliff but things would get better. he is getting updates saying, no, no, no, we will go into recession. >> therefore, let's go to the therefore now, can he arrange a credible, reasonably progr
case. in 45 minutes, the national correspondent for "fiscal times" on the fiscal cliff negotiations, a discussion and a look at the future energy production and consumption in
cliff negotiations. netflix ceo in the hot seat saying the company's online viewing exceeded a billion hours in june for the first time. posting on facebook does not qualify as the fair public disclosure of information publicly traded companies are supposed to give. if you have a student loan it may get easier to pay it back. the program -- allows students who started taking loans after october 1st, 2007 to plead financial hard ship and limit payments and have the loans forgiven after 20 years. do have you old appliances that need replacing? the so-called consumer durable goods owned by americans are the oldest in nearly half a century. research says that could mean a big spending spree is on the way that could stimulate the u.s. economy. at the new york stock exchange, i'm jane king. >>> attempted jail break didn't go as planned. left screaming for help after he got stuck halfway through a wall. firefighters came to his aid. the 28-year-old had followed a fellow inmate, probably a skinnier one. officials say the first prisoner was, like i guessed, smaller man who managed to escape thi
: and house speaker boehner accuses president obama of wasting another week in the fiscal cliff negotiations. >> tom: that and more tonight on
's strategy in these fiscal cliff negotiations is nothing but a power play, and in a previous column you actually used the words they want to humiliate the republicans. expand on that and explain that. >> well, you get the republicans the day after election day making good faith offers, boehner breaking with 20 years of tradition says we'll give you revenues, $800 million, and that's a real break for the republicans. that's a peace pipe. what does he get in return? the president sends the treasury secretary, geithner, to boehner and to mcconnell. he pockets the $800 billion. he double ths it and says i want 1.6 trillion. he demand not only no spending cuts of any importance but increased stimulus in spending which is preposterous when you're running trillion dollar deficit. and just to add insult, and here's the insult, he demands congress give up the power to control the deficit. that's obviously meanlt to humiliate the republicans. it's a non-starter. it's not acceptable. it's a way of saying to boehner you want to hand me your sword, you want to hand me your shirt? i want your trouser
or no progress on the so-called fiscal cliff negotiations, as the end of the year approaches, but there are new questions this weekend about what will happen to the u.s. economy if washington fails to come up with the solution. and joining me now, angela mcglowan, a fox news political analyst and doug cornell, a former spokesperson for the democratic congressional campaign committee and a democratic strategist. great to see both of you. >> thank you, good to be with you. >> doug, you first, president obama and his weekly address this weekend says that democrats have some wiggle room on what they're willing to give to get a deal done. what are they willing to give? >> well, first of all, remember that as part of the budget control act the president signed into law about a trillion dollars in cuts and right now the president's priority is to pass a middle class tax cut and benefit 97% of small businesses, and that's the first priority and then, obviously, second part is to deal with the fiscal cliff and he's put entitle and spending cuts on the table and i think really, the issue here is whether
, it was 8.8%. how does this play into the fiscal cliff negotiations? >> well, i think the president can and will, i'm sure, make the case that the economy is now clearly headed in the right direction. that the lowering of the unemployment number is not an aberration nor was it a political trick that occurred during the campaign that some had charged. so the president can say, okay, we need to resolve this fiscal cliff issue. or else we're going to start heading in the wrong direction. don't interrupt the recovery that we're having. and if you do, congress, it will be your fault. >> and then as far as the job approval numbers for the president, and this is going to play into this leverage negotiation, as well. how is the president handling his job as president. this is an average of the major polls. 53% approve of the job he's doing. 43% disapproved. that's a three-year high. >> and our monitor poll out this week. 53% approval. and the widest gap we've had on whether people prefer him or republicans. he has a stronger hand in this debate, partially because his approval rate was up. but m
. tomorrow, on washington journal, guests discussed the latest on the so-called fiscal cliff negotiations and the week ahead. a politico reporter looks at the lobbyist involvement in those negotiations. and an update on the situation in syria. live at 7:00 a.m. eastern on c- span. >> the supreme court will look at what was passed in 2008 by a majority of 63, i believe and they are going to say that is president. and indiana -- >> we are talking about facts. when they decided the indiana case, it was constitutional for them to establish it. they did not say all the states -- >> correct. they talked about indiana. let me finish peeping >> you are misrepresenting. >> no, i am not. >> i hear these accusations that black people, a voter i.d. lost disproportionately affect minorities. it implies to me that we have something missing in our brains. to me, if white americans can get it to vote and go through all the processes to follow the laws, what are you telling black people? that somehow they are not able to? they are lesser the man? that is what bothers me about the rhetoric coming from demo
on fiscal cliff negotiations and included a meeting with a family in arlington, virginia. >>> also tomorrow, the manassas city council will vote on whether to demonthly lish a 100-year-old house on prescott avenue. they say they've worked with the owner for years to bring the house up to code. the property owner is in her 80s and she says she hopes the house is not torn down. >>> rolling stone, paul mccartney and others will host a benefit concert for those affected by hurricane sandy. the concert is completely sold out and all the money will benefit the robin hood foundation. >>> of course, a big game in the day ahead. the redskins and the ravens face off in the battle of the beltways with a win today. the burgundy and gold could be tied atop the nfc east. kickoff is at 1:00. we'll have all the highlights on "news 4 at 6:00 and 11:00 and expect twitter to be abuzz. >> on fire. >> ravens are mad after they got beat by the steelers last week so they're going to be fighting mad for this one. >> we'll see about that. got a lot of bets on the line, all the county executives. that's some serious
. >> he's the president, not the emperorer. >> reporter: fiscal cliff negotiations have been at a stand still since monday when republicans proposed raising revenue by closing tax loopholes, not by raising rates on the rich as the president has insisted. >> we're not insisting rates just out of spite, but rather because we need to raise a certain amount of revenue. >> we can't just keep borrowing money, raising taxes, and expecting the problem to go away. >> reporter: house members headed home for a long weekend with democrats so far unsuccessful in their efforts to force a vote on a bill that would extend tax cuts to 98% of americans. but house speaker john boehner said he's here, and all ears. >> i'll be available at any moment to sit down with the president if he gets serious about solving this problem. >> reporter: 26 days out, and the waiting continues. with no deal in sight, the white house budget office is now ordering the pentagon and other federal agencies to finalize their plans for surviving massive spending cuts. reporting live on capitol hill, danielle lee, news4. >>> in fa
. >> with no breakthrough today, fiscal cliff negotiations, could this be a starting point? "outfront" republican congressman james lankford of oklahoma, incoming chairman of the republican policy committee, the fifth ranking position in the house gop leadership. appreciate you're taking the time. what about this idea of racing taxes on everyone? the math works much better. >> i heard your lead in when you said this is a new idea. actually, it's not a new idea, there are several democrats who have floated that for a while. the code word is we want to go back to the clinton tax rates and talk about the clinton economy that we had a much more vigorous economy and growth and we should go back to the clinton tax rates. what that really means is all tax rates on all americans go back up because the tax rates were brought down in 2001 and 2003. i don't support that. i don't think that's a great idea. it would slow down the economy. >> when you look at economist's evaluations, it would slow down the economy. it would. there's no question about it. but if the problem is that we have a lot of debt and the
it comes to tough talk about the republicans in the midst of the fiscal cliff negotiations and at one point, using the v word saying he would veto any bill coming to his desk, not including the higher taxes for wealthier households, shawn. >> thank you, tom fit gerald. >>> the cuban government is accusing washington of lying about the health of a maryland man in a cuban prison. allen gross is detained in havana for three years after being convicted of acting against the cuban government. a cuban diplomat said that gross will not be released without conditions and the government is willing to discuss a trade. gross in exchange for five cuban intelligence agents in a florida prison. >>> as the 5 continues, a breast cancer breakthrough. why a popular drug could change the way some patients are treated. >> it's not always easy to get motivated to exercise. stick around, an inspirational man who lost 310 pounds coming up. >> and prank callers managed to dune a worker -- dupe a worker at kate middleton hospital. >> and get ready for a cold overnight. as it looks like suburbs will be headed down i
hyper focused on washington and the fiscal cliff negotiations. at the closing bell the dow is down 14 points. modest losses across the board. that is the latest from the fox business network. giving you the power to prosper our efforts result in ty of care and ice we're able to provide... which means better health outcomes... anmore quality time to share with the onewho matter most. i love you, grandma! [ male announcer ] humana. ♪ liz: every year "inc." magazine comes out with its company of the year and this year it is zumba fitness. citing its business model as a major factor for the success. here with more on the company's growth and future plans, ceo and cofounder alberto pearlman. what a story with entrepreneural twist that is so amazing. you were a dancer at age eight. >> i wasn't a dancer. perez was the dancer. liz: but you know how to dance now. >> a little bit. but that was not the dancer. liz: how did you simply decide this was an idea that could really get going? >> well, i was having dinner at my parents house and my mom was taking his class. the creator of the class.
cliff negotiation will this year be any different? we have the head of charity navigator with me now. ken, we were talking during the break, there has been, you've seen increasing contributions to charities this year because of that fiscal cliff. what do you see? >> we've seen some larger charities have seen as much as 7 or 8% increase in donations whereas some of the smaller charities they're still struggling and donations are somewhat level from last year. gerri: you know, people have this on the front of mind. this is traditional time of year you make your contributions and this year more than ever i think people are thinking their dollar will go further because of the possible changes in taxes. what is the one thing you would tell folks this year about chartable giving? what do they need to think about or remember this year? >> they need to remember that even now more than every charities really need their help. there is more of a demand because of unemployment, because of other challenges out there, disasters and storms and so forth. in addition to that, they're already over the
you so much for having me. melissa: you thought things with the fiscal cliff negotiations were getting crazy?y? you ain't seen nothing yet. >> stop instra gramming your breakfast and tweeting your first world problems and guesting on youtube so you can see gang nu style. -- "gangnam style". melissa: oh, my gosh, that is former senator alan simpson age 81 rapping to "gangnam style" hoping people to get involved in the fiscal cliff talks. he wants the america's youth to use the social networking prowess to get congress to take acon. does even the almighty psy have the power to get everybody together? i don't know. joining us with democratic congresswoman karen bass. thank you so much for joining our show tonight. obviously alan simpn is very worried about people getting involved. do you feel like the american public is tuned into this debateor are they sick of hearing all the fighting back and forth and they're tuning out? >> you have to love t former senator. he is quite hilarious. i think people are tuned in. i think people are aware. people know that, you know, 98% of americans could
with the fiscal cliff negotiations or nonnegotiations. there's bumps up and down, today, back and forth cross zero 70 or 80 times. >> especially when you look, the dow, a picture of how many times this stock has moved just across the flat line. it's just unbelievable. it's really quite stunning there, because when ou look at, @%ll, you know it's not working. i don't know if we can effectuate that. >> people are uncertain or they are certain, and that the market's in balance right now. i don't know. it's happy news, somewhat balanced. >> there's u.s. dollar weakness lately, you know, the dollar index, for example, and then there's the uup. look at those things, and you see that something's up with the dollar, and not just against the euro, which has been strong, but other opportunities as well. >> right. the dollar falling against the euro bothered me personally a little bit. i'll be in spain next month. i wanted to get good rates, but also, you know, we see commodities being a problem, but, at the same time, the dollar is corroborated making people look and say, like, what's going on, bigger
this morning. u.s. stock futures are trading higher. the foj kus is on washington as fiscal cliff negotiations continue. we will also get an update on the health of the labor market when the weekly jobless claims report comes out later this month. >>> by now you all know the siren logo. >> many of you will grab a cup of coffee this morning. starbucks ceo has sobering advice to offer on the looming fiscal cliff, that the consequences will be far worse than last year's debt ceiling fight when the u.s. credit rating was downgraded for the first time ever. his message to lawmakers, now is not the time to play politics. it's about doing right by the american people. >> i think if people would get in the room and leave their ego behind, and not be so skewed towards the party but be so sensitive to the lens of the american people, we will have an agreement. >> poppy harlow is joining us with more. we've been talking about how this will affect us. schultz says this goes way beyond our boarders. >> it's global. something that stuck with me talking to him about this, the people who need a deal most will
. >> let me start with what's going on in washington. we've got this negotiation for the fiscal cliff. if we go over the fiscal cliff, what is the impact to your business? >> well, there would be an impact on consumption, for sure. so when it comes to puma or mainstream brands in america in sports, there will be a for sure some consequences in terms of consumption. but i see that as an investment for the future. so it might be a little bit different from some of other ceos. we have to get over the fiscal cliff. let's not delay the thing. it needs efforts. let's make them short for a better future. i think we should be ready as a corporation, being ready for maybe a year of difficult market, difficult situation in the market because that is a ceiling on our growth in terms of economical growth as to be released. it's really me an investment for the future. >> you're seeing a similar situation in france where we're talking about the possibility of capital gains taxes and dividend taxes going much higher. what will that do to the investor class, to the entrepreneurialism that we're seein
disappointed that the treasury, geithner, said yesterday they're willing to go off the fiscal cliff and they're notle to negotiate and put something on the table. we've put a good faith effort on the table and you know what, the president is the leatheaet lead. i expect him to be in washington rather than out campaigning. the campaigning is over. it's time to sit at the table with the leaders and that's what it's going to take. i'm very disappointing that's not happening. >> i want to play something that house speaker boehner had to say yesterday. >> the revenues we're putting on the table are going to come from guess who? the rich. now, there are ways to limb the deduction, close loopholes and have the same people pay more of their money to the federal government without raising tax rates. >> congresswoman, the "new york times" reporting today that boehner is enjoying the broadest support he has seen in two years but as you know, a lot of conservatives are very angry over his giving any ground on revenue. is the speaker's leadership still strong in your estimation? >> i think it is. and i k
welker has gotten reaction to the republican proposal this afternoon on the fiscal cliff negotiations. what has the white house reaction been? >> reporter: as you know, the republican plan calls for about $800 billion in new tax revenues by basically reforming the tax code but it doesn't cover increasing taxes on the wealthiest americans and that is something that president obama says must be included in any plan, so white house communications director dan pfeifer just released this statement. i'm just getting it. quaet quote, the republican letter does not meet the test for balance. it sticks the middle class with the bill. their plan includes nothing new and provides no details on which deductions they would eliminate. independent analysts who have looked at plans like this one have concluded middle class taxes will have to go up to pay for lower rates for millionaires and billionaires. while the president is willing to compromise to get a significant balanced deal and believes compromise is available, he's not willing to compromise on the principles of fairness and balance that inc
to watch that though. wow. >>> negotiations on a looming fiscal cliff have gone exactly nowhere. the latest white house offer presented by treasury secretary tim geithner included $400 billion in unspecified medicare cuts and no more limit on how much the government can borrow. and then there's the tax hike on higher-earning americans. republicans aren't buying it. >> there is just no reason why 98% of americans have to see their taxes go up because some members of congress on the republican side want to block the tax rate increases for 2% of the wealthiest americans. >> i'm just flabbergasted. i looked at him and said, you can't be serious. i just have never seen anything like it. >> if they cannot reach a deal by new year's day, nearly every american will end up paying more in taxes. >>> public school students in five states will soon spend a lot more time in the classroom. a new three-year pilot program will be announced today in colorado, connecticut, massachusetts, new york, and tennessee. 20,000 students at those select schools will spend an extra 300 hours per term in class starting
negotiation -- two perspectives on the latest fiscal cliff negotiations. negotiations.
the fiscal cliff negotiations that are going on. but it is the first trading day of the month and some on wall street are getting bullish for year end. it is going to be a december to remember, i predict it. >> i think this is one of the reasons we're holding up so well, because december is the best month of the year and we roll into january which is also a very good month. let me show you some sectors that do especially well in the month of december. there's major sectors here. this is the best performing sectors in the month of december, averaged over the last ten years. you can see it is a diverse group -- health care, telecom, utilities. a lots of people play dividend at the end of the year. energy and materials a little bit deceptive. for example, energy has only been up a few of the last decembers. it's had a couple of real terrific decembers. i want to note there's only one sector that's averaged down in december for ten years. believe it or not, it is tech which obviously had a terrible 2002 but also had a particularly terrible 2009. you can get some real volatility in the tech
have it in their power to avoid the so-called fiscal cliff aren't negotiating, they're not debating right now, so many of them simply leaving town. but there's more going on than meets the eye. let's bring in our senior congressional correspondent dana basch, she has the latest. >> reporter: there's so much political theater around here right now, you could say tickets. one of today's acts was the house leaving. lawmakers streaming out of the capitol hill, racing to their cars to get to the airport and go home. it's a scene you usually see on a thursday afternoon or friday morning, not wednesday at noon. >> good morning. >> house republican leaders told members they're free to leave, because they have nothing to vote on. >> i understand that you are saying legislation has been put on the floor. when it comes to just pure optics of the house leaving with the fiscal cliff right in front of us -- >> i'll be here and i'll be available at any moment to sit down with the president to get serious about solving this problem. >> in fact, sending lawmakers home is a way for house republicans
will check in with our media mass segment and then katie left and right and the fiscal cliff negotiations and seemingly abandoning every conservative principal. now he's targeting those who dare to stan up to his actions. and why were congressmen huelskamp and amash abruptly rue moved from their posts? they are here tonight and they will explain coming up. [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. marie callender's turkey breast with stuffing is a great reason to slow down. creamy mash potatoes, homestyle gravy and 320 calories. marie callender's. it's time to savor. [ male announcer ] it started long ago. the joy of giving something everything you've got. it takes passion. and it's not letting up anytime soon. at unitedhealthcare insurance company, we understand that commitment. and always have. so does aarp, an organization serving the needs of americans 50 and over for generations. so it's no surprise millions have chosen an aarp medicare supplement insurance plan, insured by unitedhealt
segment and then katie left and right and the fiscal cliff negotiations and seemingly abandoning every conservative principal. now he's targeting those who dare to stan up to his actions. and why were congressmen huelskamp and amash abruptly rue moved from their posts? ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 ml350 for $599 a month at your local mercedes-benz dealer. at your local is bigger than we think ... sometimelike the flu.fer from with aches, fever and chills- the flu's a really big deal. so why treat it like it's a little cold? there's something that works differently than over-the-counter remedies. prescription tamiflu attacks the flu virus at its source. so don't wait. call your doctor right away. tamiflu is prescription medicine for treating the flu in adults and children one year and older whose flu symptoms started within the last two days. before taking tamiflu tell your doctor if you're
wants to go over the fiscal cliff. they have to understand the person they are negotiating with he views it more through ideology than the economy. in his view, it's the equivalent of a grain of sand on the beach. even if he gets what he wants wishes is to raise the top rates from 35% to 39.6%, the revenues would merely fund this governor for roughly 8 days. it would hardly make a dent in the yearly deficit and not even a chip of a cent off the debt. he said he would rather go over the fiscal cliff than not to raise tax rates. so obama pushing higher taxes on the top 2%, not for economic reasons but for i'd logical reasons but there is also this obvious fact. obama wants to raise the top rates for political reasons. now that is he wants to force republicans to raise tacks in order to trigger a civil war within the gop and the conservative movement, and in that respect sadly obama is having some success. now so long as this debate is focused not on cutting spending but on raising daxs and revenues with the only question being which taxes, how much revenue, then obama wins. now if obama su
back. well, there were other developments aside from the fiscal cliff negotiations today. apple today, big loser once again. the stock continues in a free fall. bertha coombs on the latest on apple. >> that fall on apple really affecting the overall market. apple closing at the lows of the day. the concerns, essentially, are fundamental, that they may be losing market share when it comes to ipad, slower iphone sales, but also technical. they're really seeing the stock moving below some support levels here. then also, the financials. that was the other side of this. citi with that announcement they were cutting their costs. today one of the big gainers. that set off a rally in financials. bank of america closing about $10 for the first time in 17 months. >> all right, bertha. thanks so much. hopes running high for pandora media, meanwhile. >> the radio advertising market alone that we're just beginning to scratch the surface of is a $15 billion plus market. we're a leader in mobile, which is set to become another $15 billion plus market. >> we're going to hear more from the radio compa
in the fiscal cliff negotiations it would be counterproductive if congress cut invest. >>> in education and job training to "reduce the deficit" in a way that would impact future economic growth. we've got to fix the workforce investment, the job training system in the united states to prepare people for the types of jobs that ceo has. >> you've been there, you've had to forge deals between warring constituencies. fiscal cliff. what would the solution be if you were handling it? >> i like the idea of the president, john boehner, the key players, getting together with no staff in the room. the second thing, they've got to be guided by a couple of things. number one, what is best for the nation? not my party, not my philosophy, not necessarily my politics. number two -- >> you'd like it one on one. >> editd' i'd like it one on on discuss specifics in a one on one way. second, they may agree there should be short-term steps and long-term steps, i think we can get there. the nation is counting on them doing something significant. >> saints/giants this weekend? >> i've got to go for the saints. i'm
't negotiate with ourselves. >> here we are just weeks away from going over the fiscal cliff. you probably wonder what's going on in these houses in washington. they put themselves and their political gains first and put their future in prosperity second. hey, you voted them in. remember what happened the last time washington got into a budget battle like this? lawmakers put a band aid on the problem and the u.s. lost its aaa credit rating in the process. i warned you about the economic storm headed our way, partly because of europe and partly because of this fiscal cliff. i also told you about an american economic renaissance that could be just ahead. just beyond the storm clouds. the fiscal cliff is fixable. every day washington fails to make a deal, more damage is being done. john king, ken rogath is the former chief economist at the international monetary fund and diane swonk joins us from mezro financial. john, some people say don't sweat it. the threat of going over the fiscal cliff is overblown. it will get done in an 11th hour deal. as you read the politics at play, what do you see
that forecast, lawrence. >>> a positive sign in the "fiscal cliff" negotiations. president obama and house speaker john boehner have spoken on the phone. the president also met yesterday with ceos of some of the nation's largest companies hoping to convince them of the need of higher tax rates on upper income americans. >> we are not insisting on higher rates out of spite or bickering but, rather, because we need to raise a certain amount of money. >> house majority leader eric cantor echoed of thoughts of his fellow republicans saying more needs to be done about spending. >>> the colorado movie theater where a gunman opened fire during the latest batman movie will finally reopen next month. aurora's mayor says the cineplex will open to the public on january 18. movie theater plans to run free movies for the first couple of days. you may recall 12 people were killed, 58 others injured, when holmes allegedly james holmes opened fire allegedly in july. >>> same-sex marriage is legal in washington signed into law last night by the governor. dozens of people got marriage licenses at the courth
locked out of the battle over the fiscal cliff. why california congresswoman nancy pelosi and other leaders are not being allowed to negotiate. ktvu channel 2 morning news continues. >>> good morning, to you. welcome to a brand new day friday december 7th i'm dave clark. >> and i'm pam cook. thank you for joining us this morning. i want to start with weather and traffic. weather rosemary orozco is in for steve. >> fair weather in the forecast. lasting through the weekend. hopefully that brings a smile to your face. tgif to you. we're off to a chilly start this morning. mostly sunny skies for the afternoon. temperatures running warm for december and it will be a trend we see for your weekend. i'll have details on this coming up in a moment. good morning, tara. >>> good morning, rosemary. here's a look at traffic through 880. the headlights are southbound as you make your way toward the hayward area. up next we have a look at the east shore freeway. the headlights you see are folks heading westbound on to the mccarthur maze and to the bay bridge toll plaza where we are starting to see
meanwhile, we have fiscal cliff negotiations where the president wants stimulus mechanisms including an extension of unemployment insurance. they're like a doctor who diagnosed you with a severe ill sxns won't sign the precipitation to give you the medicine. they emphasize the joblessness problem, and they don't want to give you unemployment insurance and tell that to someone laid off sleeping in their car. >> with these jobs numbers, had hurricane sandy not struck how better would this report have been? >> a lot of this was construction job weakness. clearly, that will rebound. one of the unfortunate upsides of natural disaster is that you do, whether the states or federal governments do it or insurance companies, you have a lot of infrastructure spending as people rebuild from the wreckage. you had 20,000 less construction jobs last month. that's likely to be a 20,000-plus or more just to rebuild new jersey alone. you have that. by the way, we haven't talked about the defense cuts that go into effect on january 1, which is truly massive. those have a negative effect on the sector e
thank you my friend, as always. catch one of the key voices behind the fiscal cliff negotiations here on "now" tomorrow when americans for tax reform president grover norquist joins us tomorrow at noon eastern. and after the break, entitlement reform hot potato. that's next on "now." music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. >>> the vast majority of democrats on capitol hill would prefer not to have to do anything on entitlements, would prefer frankly not to have to do anything on some of these debt and deficit problems. if you look at the numbers, then medicare in particular, will run out of money and we will not be able to sustain that program, no matter how much taxes go up. i mean it'
me now. treasury secretary timothy geithner, president obama's point man in these fiscal cliff negotiations, ran the gauntlet this morning. he appeared on all five sunday talk shows, including "meet the press" of course, what else did he say? >> craig, you know if we're in the posturing stage and a lot of people think we're still in the posturing stage with, 29 or 30 days to go. we better hope that they're just posturing, because after the period of optimism, the post-election talk of compromise, you remember john boehner came out the day after the election, the president spoke about compromise as well. they're as far apart as they ever have been and the clock is ticking. what timothy geithner said is as follows, nothing is going to get done unless republicans agree to raise rates on the wealthiest 2% of americans we know the figure by now. those couples filing jointly making more than $250,000. the rates must rise, not a matter of closing loopholes or deductions or simplifying the tax code this is the way it has to be to meet their revenue goals. contrary to what mitch mcconne
and medicare, other social safety net programs could play a bigger role in the fiscal cliff negotiations. on the line, food stamps and unemployment insurance. this week, prominent members of both parties urged the white house and speaker boehner to include the expired farm bill in their discussions arguing it could help in the push to reduce the deficit. the problem, stalled proposals to replace the expired program include billions of dollars in cuts to food stamps. the senate bill would shave $4.5 billion from the program over ten years. the house version would slash $16 billion over the same time period. the congressional budget office estimates the house bill would throw upwards of $3 million people off the food stamp roles and hundreds of thousands of children denied free school lunches. needless to say the cuts could not come at a worst time for recipients. as of august, 47 million people americans relied on food stamps to keep from going hungry up from 31 million just four years ago. joining me on set, the author of "the juice," and in the nation's capitol, cnbc's chief washington
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